The bearishness of the expanding triangles played out. The 5944-5735 range broke down.The morning efforts to rally resisited once again the the red downtrendline.This was almost the 10th attempt to cross it making it a significant resistance to cross for bullishness. Till then bias would remain down.
Supports are at 5660 -- megaphone pattern support line, 5665 -- 50 dema and 5616 -- 200dema.
Half Hourly Chart
The half houirly chart shows a double top confirmation giving a target of 5547.Supports marked on the chart.
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